Archive for January 2017

By Stephanie K. Jones A Fort Smith, Ark., man has been sentenced to five years in federal prison plus three years of supervised release for defrauding insurance customers, federal authorities say. Kenneth Elser, United States Attorney for the Western District of Arkansas, announced that … Read More Read more here:: Insurance Journal       

Arizona officials say they found malware on a laptop computer at the state Legislature that triggered concerns of system-wide hack. A Department of Administration spokeswoman said that a forensic analysis found an adware program called Wajam. It injects ads onto … Read More Read more here:: Insurance Journal       

By Don Jergler The latest storm to wallop Northern California whipped up a small tornado that downed trees and fences near Sacramento. Here’s what you need to know about twisters in California, which occur regularly but in limited numbers and force. The twister … Read More Read more here:: Insurance Journal       

A California woman has filed a lawsuit against Chipotle alleging the Denver-based company used a photo of her without her consent for commercial gain. The Denver Post reported that Sacramento resident Leah Caldwell is seeking more than $2 billion in … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson United States and European Union negotiators say they have reached an agreement on reinsurance and insurance regulation. The agreement covers three areas of insurance oversight: reinsurance, group supervision and the exchange of insurance information between regulators. According to the negotiators, … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield The Delaware Department of Insurance is investigating a security breach involving Summit Reinsurance Services Inc. (SummitRe) and BCS Financial Corporation, both subcontractors of Highmark BlueCross BlueShield of Delaware. The department was made aware of the breach as a result of … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their banking, insurance and retirement planning, according to a report by consultants at Accenture. Close … Read More Read more here:: Insurance Journal       

By L.S. Howard Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according to a report published by Aon Benfield. The report … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The U.S. Senate took the first step toward repealing Obamacare in a razor-thin vote early Thursday, even as House leaders were struggling to line up support for a vote later this week. The 51-48 vote fell almost entirely along party … Read More Read more here:: Insurance Journal